PBGC Flat-Rate Increase
The Pension Benefit Guaranty Corporation (“PBGC”) per-participant flat-rate premium for single-employer plans with plan years beginning in 2010 will increase from $34 to $35. For multiemployer plans, the premium will remain the same at $9 for the 2010 plan year. The PBGC is required by law to adjust the premium rates for inflation each year based on changes in the national average wage index.
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